A Share Capital Account is fundamental when joining a savings and credit cooperative like HACO Sacco. It symbolizes your ownership and commitment to the cooperative, designating you as a member-owner with a voice in its operations and decisions.
Additionally, your share capital may earn dividends, providing you with an extra source of income and rewards for your loyalty. Moreover, your share capital can serve as collateral when applying for loans, enhancing your eligibility and loan terms. In essence, a Share Capital Account is not just a financial obligation; it symbolizes your active membership, ownership, and contribution to the cooperative’s financial stability and your own journey toward financial empowerment and growth.